Latest News on Surcharge
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Jan 23, 2019
Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemesThe interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.
Mar 17, 2017
Govt eyes Rs 282,212 crore revenue from cess and surcharge in 2017-18, says JaitleyJaitley said in Lok Sabha that the total revenue generated through cess and surcharge during 2014-15 was Rs 119,276.65 crore, which increased to Rs 2,65,661.61 crore in 2016-17
Feb 25, 2016
Cashless economy gets a boost as Cabinet does away with surcharge, service charge on card paymentsArray
Feb 28, 2015
Budget 2015: In push for growth, FM to cut corporate tax rate to 25% in 4 yrsThe reduction in the corporate tax rate will result in a higher level of investment and higher level of growth
Mar 14, 2013
Rail minister hints at another hike in booking, cancellation surcharge"ticket bookings are open for 120 days and these agents buy the tickets in bulk and sell them for 119 days and return the unsold ones on the last day. These charges will have to be increased gradually to tackle this menace
Feb 28, 2013
Budget 2013: 10% surcharge on taxable income exceeding Rs 1 crThe finance minister said that he proposed to increase the surcharge from 5 percent to 10 percent on domestic companies whose taxable income exceeds Rs 10 crore a year.